The tax revenues of federal, state, and local governments have different sources, in that the federal government relies primarily on:
A) income taxes; state and local governments rely to a greater extent on sales and property taxes.
B) sales and property taxes; state and local governments rely to a greater extent on income taxes.
C) excise and property taxes; state and local governments rely on sales taxes.
D) sales taxes; state and local governments rely on excise and property taxes.
Correct Answer:
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